Chicago Mercantile Exchange: Proposed Amendments to the Frozen Pork Bellies Futures and Options Contracts Converting the Futures Contract to a Cash Settled Contract From a Physical Delivery Contract, and Conforming Amendments to the Options Contract

Streszczenie

The Chicago Mercantile Exchange (CME or Exchange) has submitted amendments to its frozen pork bellies futures contract that would replace the contract's existing physical delivery provisions with a cash settlement system based on cash prices for fresh pork bellies. The proposed amendments also would revise the futures contract's trading months, speculative position limits, maximum daily price fluctuation limits and last trading day. In accordance with Section 5a(a)(12) of the Commodity Exchange Act and acting pursuant to the authority delegated by Commission Regulation 140.96, the Acting Director of the Division of Economic Analysis (``Division'') of the Commodity Futures Trading Commission (``Commission'') has determined, on behalf of the Commission, that the proposed amendments are of major economic significance. On behalf of the Commission, the Division is requesting public comment on the proposal.